CENTENNIAL, CO--(Marketwired - Jul 22, 2016) - CannaGrow Holdings, Inc. (OTC PINK: CGRW) -- CannaGrow Holdings, Inc., a Liaison and Consultant providing turnkey solutions to licensed growers in the legal Cannabis industry, today announced that Category One Botanicals, Sub-Lessor and State License Holder at the Grow Facility at the Buffalo Project I, has moved eight additional strains into the site Mother Plant Room.
Dr. John P. Janovec, Ph.D., C.O.O. of CannaGrow Holdings, states, "The arrival of the additional strains is really rounding out our genetic inventory. The Mother Plant Room now holds over 20 strains with growth cycles that range from eight weeks to five months. Indica and Indica Hybrids that mature early will help us to start making a respectable entry into the Wholesale Market while starting the process of branding our products. S High yield, longer cycle Sativa Strains will emphasize our capabilities as a genuine wholesale provider."
Rod Clawson, Licensed Grower and Managing Member of Category One Botanicals LLC, adds, "When Dr. Janovec requested additional strains for the Mother Plant Room Inventory, I made the calls and made it happen. It has already been demonstrated to me what a dedicated and motivated team can accomplish. Our goal is to ramp up our production cycle as quickly as possible and take full advantage of all of the grow space that is available to us. With the Nexus Green House providing a year-round growing environment and the Seasonal Green Houses having the capabilities to produce nine months out of the year, I think it is safe to say we can expect great things in the future."
Jason Wells, CannaGrow Holdings' Consultant, remarked, "I am really looking forward to seeing these clones make the transition from the Mother Plant Room into the Nexus Green House and the three Seasonal Green Houses. The opportunity to work with strains such as 'Gorilla Glue,' 'Master Kush,' 'Jack Flash,' 'Biodiesel,' and 'Head Band' is very exciting. The Mother Plant Room will provide a perpetual output of clones and an environment for the development of new strains."
Delmar Janovec, CEO, stated, "Everything has really come together and all of the hard work and long hours should begin to pay off in a big way. I hope to be able to make some very significant expansion announcements as we look for additional businesses and opportunities in the Colorado Cannabis Industry."
CannaGrow Holdings, Inc., the Liaison and Representative for NuGro Industries, will continue in its capacity in providing oversight as the Facilities Manager, working with the State/County Agencies and Category One Botanicals, LLC, the licensed Grower for the facilities. The completion of this project will now provide the company the basis to begin generating revenues from the Licensed Growers subleasing the turnkey facilities being built to the specifications of CannaGrow's COO, Dr. John P. Janovec, and Consultant, Jason Wells. CannaGrow has already received numerous inquiries from additional prospective tenants and is also exploring additional business ventures within this industry that could further enhance shareholder value.
The site plan, grading plan, and phasing plan that was submitted by NuGro Industries, the landowner and developer, can be viewed on our website at: http://cannagrowholdings.com.
About CannaGrow Holdings, Inc.:
CannaGrow Holdings, Inc. has entered the Medical/Recreational Cannabis Industry as a Lessor, Liaison, and Consultant to licensed Growers providing them with turnkey Growing Facilities in the State of Colorado. The Company intends to expand this business model within this industry as business opportunities evolve whereby providing for the highest return to its shareholders.
CannaGrow Holdings, Inc. does not and will not, until such time as Federal law allows, grow, harvest, distribute or sell marijuana or any substance that violate the laws of the United States of America.
CannaGrow Holdings, Inc. encourages the public to read the above information in conjunction with its year-end statement for December 31, 2015, and the quarterly statements filed in calendar year 2016, at www.otcmarkets.com.
The information contained in this press release may include forward-looking statements. Forward-looking statements usually contain the words "may," "could," "possibly," "feel," "estimate," "anticipate," "believe," "expect," or similar expressions that involve risks and uncertainties. These risks and uncertainties include the Company's uncertain profitability, need for significant capital, uncertainty concerning market acceptance of its services, competition, limited service facilities, dependence on technological developments and protection of its intellectual property. The Company's actual results could differ materially from those discussed herein